Crowdfunding saves and makes the world a better place.


This weeks subject was crowdsourcing and crowdfunding and I found a fun example about how crowdfunding kept a 129 years old business from going bankrupt.

http://www.crowdcube.com/blog/2012/03/01/darlington-fc-turns-to-crowdfunding-to-save-its-football-club/

UK based football club Darlington FC went bankrupt and there were no interested buyers. The fans therefore connected with crowdfunding platform Crowcube to raise ₤ 750.000 to buy the club. The managed to raise ₤ 291.450 (39%) in the first two weeks.

In times were a lot of football clubs can not manage to keep their finance healthy this is a interesting way of staying alive. I think that this fan based ownership will happen more often and is a good thing. The fans now have power to decide what happens to their beloved club and it shows that a community (crowd) is willing to help and involve themselves with saving old clubs and companies like Darlington FC

 In times where social entrepreneurship is in demand I think that crowdfunding is a good tool to help such starts ups to get financed. I think that through crowdfunding the world could become a better place.

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